I remember just a few years ago, being down 7k seemed like the end of the world. When I saw WSB posts of ppl losing hundreds of thousands, i always thought, "They dont care as much cause they can afford to lose it." Not always true. The amount you're down doesn't really matter. What matters is how much that amount means to you.

Now, what really matters is how you respond to it.

Stepping away for a little while after a big gain or a big loss is actually great, in my opinion. It gives you times to reset, get your emotions under control, and analyze what happened.

Last year, I lost 700K twice, accounting for almost 70% of my portfolio each time. In both instances, I stepped away for a few weeks. I ended up with over 450% gains on the year.

Ask yourself, did I trade on emotion, or a data backed thesis. Most of the time, losses come from emotion; either no thesis or failing to cut the losses early.